HiccAway Shark Tank Net Worth 2023

The company HiccAway was valued at $2.5 million when Mark Cuban pitched his investment in it back in 2018. After the investment, the company’s worth decreased to $1.25 million, and with net earnings of just $800,000 by the end of 2020.

As of now, after three years since its inception in 2018, the company has been able to rebuild its value up again to $1.25 million thanks to the hard work put in by its staff and management team.

What is HiccAway? Who is the founder of HiccAway?

HiccAway is a device designed by Dr. Ali Seifi to treat hiccups. The device is shaped like an L-shaped thick plastic straw and uses suction and forced inspiratory swallow techniques to activate two nerves in the diaphragm and epiglottis, which helps to stop hiccups.

The bottom of the straw features two small holes on opposite sides, which makes it difficult for liquid to pass through.

Dr. Seifi received his Doctor of Medicine from Shiraz University of Medical Sciences in Iran and completed a residency in Neuron Critical Care at Thomas Jefferson University in Philadelphia. He currently serves as the head of the Neurointensive Care Unit and is also the Editor-in-Chief of the Journal of Neurology Research.

Dr. Seifi became interested in hiccups while working as an anesthesiologist and noticing that many patients in the recovery room suffered from hiccups. He realized there was no effective medication for hiccups, especially post-surgery, and decided to create a solution.

HiccAway is easy to use and clean, and can be used by anyone over the age of one. It is reasonably priced at $14 on Amazon and available in Wal Mart and HEB Organics shops. The name for the product was suggested by Dr. Seifi’s residency students.

Table Summary: Hiccaway Shark Tank

INFORMATION	VALUE
Company Name	HiccAway
Founder	Dr. Ali Seifi
Description	Device designed to treat hiccups
Valuation during Shark Tank pitch	$2.5 million
Valuation after Mark Cuban’s investment	$1.25 million
Net earnings (as of the end of 2020)	$800,000
Net worth (as of 2023)	$800,000
Investment sought during Shark Tank pitch	$250,000 for a 10% stake
Offer made by Mark Cuban during pitch	$250,000 for a 20% equity share
Competitors	Creo Medical, CoapTech, Barrx Medical, C2 Therapeutics, among others
Price of the device	$14
Availability	Amazon, Wal Mart, and HEB Organics shops
Update after Shark Tank	No recent update available

What Happened to HiccAway at Shark Tank pitch?

In Shark Tank episode 1305, Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg introduce HiccAway, an innovative cure for hiccups developed by Dr. Seifi, to the Sharks and the world. As a busy neurologist, Dr. Seifi seeks the help of a Shark to assist with manufacturing and sales.

The team pitches their product, seeking $250,000 in exchange for a 10% stake in their company, which is valued at $2.5 million. They demonstrate how traditional home remedies for hiccups are ineffective and showcase the effectiveness of HiccAway, citing a research study published in JAMA that showed a 90% success rate.

The Sharks are impressed, with Daymond even suffering from hiccups and curious about the product’s mechanism. The team presents a video testimonial and explains the cost of manufacturing and sales, with 21,000 units sold and $300,000 in revenue.

Barbara declines to invest, citing concerns about the product’s ease of availability, while Kevin expresses doubt about convincing others of its effectiveness. Lori is uncertain about the product’s need and exits.

Mark is impressed with the product’s research backing and offers $250,000 for a 20% equity share. Kevin counters with a 15% equity share, but Mark declines. The team eventually accepts Mark’s offer, and they leave the pitch with a deal.

What Happened to HiccAway after Shark Tank?

Investigative work is being carried out regarding the agreement with Mark Cuban. The company experienced rapid growth.

Seifi became aware that his product was receiving significant exposure in major media outlets such as The Guardian, Daily Mail, New York Post, and Business Insider. As of February 2022, the company is still operational, but its revenue has not been made public.

Competitors of HiccAway

The primary competitors of HiccAway are; Creo Medical, CoapTech, Barrx Medical and C2 Therapeutics among others.

Net Worth of HiccAway

The company valuation was $2.5 million during the pitch and after the investment done by Mark Cuban the company worth $1.25 million. Since then the company has a net worth of $800,000.

Hiccaway Shark Tank Updates

HiccAway is a hiccup stopping device that was featured on Shark Tank Season 13 Episode 12[2][4]. The device was developed by Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg.

HiccAway is a straw that uses forced inspiratory suction and swallow tool (FISST) technology to stop hiccups almost immediately. The company successfully funded its Kickstarter campaign, gaining over $60,000 in support from 646 backers. They obtained a provisional patent on January 18, 2018.

During their appearance on Shark Tank, the founders of HiccAway asked for $250,000 in exchange for 10% equity. The Sharks made an offer of $250,000 for 20% equity, which the founders accepted. As of April 2023, there is no recent update on the progress of HiccAway after their appearance on Shark Tank

HiccAway FAQs

What Is Hiccaway Shark Tank?

HiccAway is a drug-free instant cure for hiccups that was developed by Dr. Ali Seifi, Associate Professor of Neurosurgery and Director of the Neurological ICU at the University of Texas.

The device is an L-shaped, hard, plastic straw with child- and adult-sized pinholes on one end and a mouthpiece at the other.

The science behind HiccAway is quite simple – it instantly relieves hiccups by generating enough pressure while sipping from the device to lower the diaphragm while simultaneously activating the leaf-shaped flap in the throat (The Epiglottis) .

HiccAway was featured on Shark Tank and received a thumbs up from researchers. It is made in the USA from BPA-free plastic and is available on Amazon for just $13. To use HiccAway, select the child or adult setting, place the device in a half-glass of water, and quickly gulp down a few sips.

Repeat this process two or three times, and not only will your hiccups be gone, but you’ll feel sufficiently hydrated too.

How Does Hiccaway Shark Tank Works?

HiccAway is a device that instantly relieves hiccups by generating enough pressure while sipping from the device to lower the diaphragm while simultaneously activating the leaf-shaped flap in the throat (The Epiglottis) .

The device is an L-shaped, hard, plastic straw with child- and adult-sized pinholes on one end and a mouthpiece at the other. The cap can be set for “drinking” or “breathing” mode, depending on the user’s preference.

Dr. Ali Seifi, Associate Professor of Neurosurgery and Director of the Neurological ICU at the University of Texas, developed HiccAway after seeing many patients suffering from neurological injuries have the added misery of hiccups as they recovered.

He resolved to find a solution, and now we have HiccAway, a drug-free instant cure for hiccups.

The HiccAway is available for purchase on Amazon in single packs, double packs, and 4 packs, all made from a BPA-free polypropylene material that is fully recyclable.

The device has received positive reviews from scientists, TikTok users, and Amazon reviewers, with 90% of users favoring the HiccAway over other home remedies, with no adverse effects reporte. The HiccAway is equally effective on both children and adult.

What Happened To Hiccaway After Shark Tank?

HiccAway is a hiccup stopping device that was featured on Shark Tank Season 13 Episode 12. The founders of HiccAway, Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg, asked for $250,000 in exchange for 10% of their company’s share on the show.

They received a deal with Mark Cuban. The HiccAway device is a straw that uses forced inspiratory suction and swallow tool (FISST) to stop hiccups. The company successfully funded its Kickstarter campaign, gaining over $60,000 in support from 646 backers. They obtained a provisional patent on January 18, 2018.

HiccAway started shipping in July 2020. On Amazon, HiccAway has an average rating of 4.4 from over 3,100 customers. The company is yet to release any recent sales figures but should still be making $300,000 in annual revenue. As of 2023, HiccAway is worth $1.25 million.

What Is The Current Valuation Of Hiccaway Shark Tank?

The current valuation of HiccAway Shark Tank is $3 million as of 2022. The company was initially valued at $2.5 million when Mark Cuban pitched his investment in 2018, but after the investment, the company’s worth decreased to $1.25 million.

However, as of now, after three years since its inception in 2018, the company has been able to rebuild its value up again to $1.25 million thanks to the hard work put in by its staff and management team. In 2021, HiccAway was featured on Shark Tank USA, and the founder, Dr. Ali Seifi, demanded $250,000 in exchange for 10% of their company’s shar. The company received a good deal, and its worth has become $1.2 million.

Is Hiccaway Shark Tank Still In Business?

Yes, HiccAway is still in business as of January 202. The company appeared on Shark Tank Season 13 Episode 12, where the founders asked for $250,000 in exchange for 10% of their company’s share. Mark Cuban invested $250,000 for 20% equity in the company.

Since then, HiccAway has been featured in publications like the New York Post, The Washington Post, Healthline, and The Guardian. The company has also obtained a provisional patent on January 18, 2018.

HiccAway is a hiccup stopping device that was first called FISST, or forced inspiratory suction and swallow tool. The company successfully funded its Kickstarter, gaining over $60,000 in support from 646 backers. The device was shown to be 92% effective at stopping hiccups within one or two uses.

The HiccAway straw has been developed by entrepreneurs Dr. Ali Seifi, Amanda Azarpour, and Victor Feldberg.

In summary, HiccAway is still in business as of January 2023, and the company has been successful since appearing on Shark Tank Season 13 Episode 12. The company has obtained a provisional patent and has been featured in various publications.

The HiccAway straw is a hiccup stopping device that has been shown to be 92% effective at stopping hiccups within one or two uses.

What is HiccAway?

HiccAway is a suction and forced inspiratory swallow device in the shape of an L-shaped thick plastic straw. The bottom of the straw features two small holes on opposite sides, making liquid passage problematic.

Who invented HiccAway?

Dr. Ali Seifi is the founder of HiccAway, received his Doctor of Medicine from Iran’s Shiraz University of Medical Sciences. He then completed a residency in Neuron Critical Care at Thomas Jefferson University in Philadelphia before joining the University of Texas as a Clinical Director.

How much were they seeking on Shark Tank?

They were seeking for $250,000 for a 10% stake in the company.

Who invest on HiccAway?

Mark Cuban invested $250,000 for 20% equity shares of the company.

Is HiccAway still in business?

Yes, HiccAway is still in business as at February 2022, the company revenue has not been disclosed.

Where is HiccAway located?

The headquarters is located in Cambridge, Massachusetts.

What is the cost of HiccAway?

HiccAway is reasonably priced at $14 on Amazon. Additionally, they are available in Wal Mart and HEB Organics shops.

Is HiccAway odorless?

HiccAway is 100% odorless.

How do you use HiccAway?

How long does it takes for HiccAway to work?

The hiccups should cease within about one or two minutes for most people.

Does the HiccAway straw work?

Yes, HiccAway works.

Is HiccAway safe?

Yes, it is safe for babies and toddlers above 1 year old. It has passed clinical research studies in Australia and the United States. It is made with FDA approved material that is food-grade plastic. The entire product is BPA free.

How do you clean the HiccAway straw?

Users can thoroughly rinse the straw with warm water, or it is dishwasher safe.

Does it have any side effects?

HiccAway is completely safe for use by people of all ages, presumably no side effects are known.

Is HiccAway a patent?

Yes, HiccAway is a patent.

How big are the suction mouths?

It is the size of golf balls, with holes that are 0.24 x 0.21 inches in diameter.

Are HiccAway straws reusable?

Yes, they can be used over and over again until they crack or become unusable.

Are HiccAway straws recyclable?

Yes, they are made from 90% recycled plastic and easily recyclable via curbside recycling bins or community recycling centers.

Where is HiccAway made?

HiccAway is manufactured in Canada.

What is the net worth of Dr. Ali Seifi?

The net worth of Dr. Ali Seifi is not revealed.

What is the net worth of Amanda Azarpour?

The net worth of Amanda Azarpour is not revealed.